Friday, June 24, 2016

The Brexit will have more serious consequences for continental Europe than for United Kingdom:

The european pro-russian nationalists (I know, it's an oxymoron, but it describes very well the reality) will take off.

The liberal part of EU will be weakened. This will trigger the reforms aiming to further limit freedom and increase social engineering. So the extremist movements will grow as a consequence. The push for "exit" will than increase mostly in more liberal and richer countries.

Europe will move further away from the USA and will come closer to Russia.

EU will lose 20% of its production, 11% of its work-force, 11% of the contribution to the EU budged, 10% of its army and 31% of the EU market capitalization.